Katandra West

Katandra West, VIC 3634 is a small suburb with a population of 492 residents. The age distribution is diverse, with significant numbers in the age groups of 0-19 years and 45-64 years. The suburb has a high percentage of residents working in managerial, professional, and technician/tradeworker occupations. The median household income is $1,468 per week, and the median mortgage repayment is $1,158 monthly. Residents predominantly commute by motor vehicle. The suburb offers a good market absorption rate, indicating high demand and potential for future property price growth. With a high sale price IQR ratio, Katandra West may be attractive for renovators looking for properties with value-adding potential. The suburb has shown strong median house price growth over the past years, making it an appealing option for property investors seeking capital growth. Katandra West, VIC 3634 presents a mix of demographics with a focus on educational attainment and a leaning towards higher-income occupations. The suburb shows promise for property investors, especially in the housing market segment, with opportunities for renovation and potential for capital growth. The strong market absorption rate further underlines the potential demand in the area. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022